Wildlife Tourism Market Size is Anticipated to Reach US$ 219.9 Billion by 2032 | FMI

The wildlife tourism market is estimated to reach US$ 219.9 Billion in 2032 and anticipated to grow at robust 5% CAGR during 2022-2032.

Wildlife tourism – or observing wild animals in their own habitat – is a critical part of the tourism industry in Australia, America, Africa, Canada, Indonesia, Maldives and Sri Lanka.

Wildlife tourism includes interaction with wildlife in the form of photographing and watching animals in their very own habitat from a long distance. Wildlife tourism comes under the category of adventure tourism while supporting the core values of nature conservation and eco-tourism.

Wildlife Tourism: Positive and Negative Impact

During the visit to wildlife destinations, tourists contribute to the improvement and conservation of the conditions of wild animals. Wildlife tourism also improves the life of the local tribes, as when tourism flourishes, they get opportunities of improved livelihood. Continuous flow of tourists keep the poachers away from killing endangered species of animals. When tourists visit wildlife sanctuaries certain amount of entrance fee is charged from them.

This money is directed towards animal conservation programmes. However there are some negative impacts too. The disturbance is always high when tourists approach the wildlife very closely to take photos. Also, the breeding patterns of animals may also get disturbed due to constant pressure of tourists to take photographs of animals with their young ones.

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Wildlife Tourism: Drivers

As the entry fee charged from tourists is invested in the conservation of animals, more and more tourists are willing to re-visit wildlife sanctuaries and are ready to pay extra as entry fees, just to ensure animal life conservation. In addition to merely watching animals, tourists are also aware of the various fauna and flora species, which attracts them to wildlife tourism, which is consequently driving the growth of the wildlife tourism sector.

Lot of infrastructural development in and nearby wildlife sanctuaries such as hotels, guest houses and eco-tourism villages and jungles are also attracting a large number of tourists. So now tourists not only visit national parks and wildlife sanctuaries to see animals but also for relaxation which they get by being away from the hustle and bustle of city life. Due to better infrastructural development movie shootings also take place in nearby areas which attract local travellers and this fuels the growth of wildlife tourism.

Many schools arrange trips in wildlife sanctuaries to introduce students to the flora and fauna in sanctuaries. Besides, wildlife photographers who keep visiting the sanctuaries also create robust development in the sector of wildlife tourism. Many wildlife sanctuaries are famous for tigers. Ranthambore wildlife sanctuary and Kanha National Park in India are among the few sanctuaries where tourists can get very close to tigers.

Many tourists frequently visit these sanctuaries just to see tigers and this is boosting the global wildlife tourism sector.

Famous Wildlife Sanctuaries Across the World

Lone Pine Koala Sanctuary in Brisbane, Australia, Chengdu Moonbear Rescue Centre in China, Noah’s Ark in Georgia, USA, Corbett National Park in Uttarakhand, India are some of the famous wildlife sanctuaries across the globe.

This comprehensive report equips readers with lucid information and analysis on the sector. Future Market Insights’ experienced travel and tourism analysts bring to you accurate and unbiased information to help you make crucial decisions with confidence.

The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.

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The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.

Key Segments Profiled in the Wildlife Tourism Market

By Wildlife Tour Types:

  • Forest Wildlife Tours
  • Marine Wildlife Tours

By Age Group:

  • 15.25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66- 75 Years

By Tourist Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Consumer Orientation:

  • Men
  • Women
  • Children

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Culinary Tourism Market is Anticipated to Reach US$ 4,530.9 Bn by 2032 | FMI

The global culinary tourism market  to top nearly US$ 977.3 Bn in 2022 and is projected to reach US$ 4,530.9 Bn by 2032 at a CAGR of 16.6% over the forecast period of 2022 and 2032.

Travelers are rethinking the consequences of their consumption, and vegans, vegetarians, and flexitarians are gaining immense traction in food tourism.
Vegetarian and vegan tourists are searching on the internet and other sources for vegetarian and vegan-friendly options. They are willing to try new things and meet new people who are likeminded.

Another factor driving demand in the culinary tourism market is the spread of social media and advertising of distinctive food and beverage experiences. As a result, Gen-Zers and baby boomers are quickly becoming the most important target demographic. Increased viewership of food programmes on television and online streaming services is also fueling market demand.

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Key Takeaways from the Culinary Tourism Market Study

  • Europe dominated the culinary tourism market and held the largest revenue share of in 2021.France, Germany and U.K. are expected to lead the culinary tourism market in Europe.
  • In terms of booking channel, online travel agents segment is estimated to account for the highest value share in the culinary tourism market.
  • In terms of activity type, food festival segment leads in terms of market share as food-festival events have become trend-setters in the culinary world.
  • In terms of tourist type, domestic segment dominated the culinary tourism market in 2021, as travellers are more familiar with the rules, laws and tax policies pertaining in their region.

“Regions are embracing their culinary history and are incorporating gastronomy in their tourism offerings. Further, countries with rich culinary traditions are focusing on the development of culinary tourism and providing incentives for local businesses to invest in this tourism segment.” says an FMI analyst.

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Who is winning?
The players operating in the global culinary tourism industry have adopted various developmental strategies to expand their market share, exploit the culinary tourism market opportunities, and increase profitability in the market.

Major players present in the culinary tourism market are Abercrombie & Kent USA, LLC, Classic Journeys, LLC, G Adventures, Greaves Travel Ltd, India Food Tour, ITC Travel Group Limited, The FTC4Lobe Group, Topdeck Travel [Flight Centre (Uk) Limited)], The Travel Corporation, Gourmeton Tour Culinary Adventures, International Culinary Tours, and Butterfield & Robinson Inc. among others.

Global Culinary Tourism Market by Category

By Activity Type:

  • Culinary Trials
  • Cooking Classes
  • Restaurants
  • Food Festival
  • Others

By Booking Channel:

  • (OTA) Online Travel Agents
  • Traditional Agents
  • Direct Booking

By Tourists Type:

  • Domestic
  • International

By Tour Type:

  • Independent Traveler
  • Tour Groups
  • Package Traveler

By Consumer Orientation:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46- 55 Years
  • 66-75 Years

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Glamping Market is Anticipated to Reach a Valuation of US$ 10.6 Bn in 2032 | FMI

The glamping market is expected to reach a valuation of US$ 10.6 Bn in 2032, expanding at an impressive 11.8% CAGR over the assessment period.

Land adventure tourism is gaining popularity across the globe. The advent of technology and recent developments in outdoor sports activities that include optimal safety of tourists is boosting sales in the glamping market.

Due to the advent of the COVID-19 pandemic, consumers are more concerned about the safety while participating in outdoor activities. In response to this, players in the market are improving their services by adding effective personal safety protocols, thereby boosting sales.

Increasing government-backed investments in the tourism sector across the globe is a chief factor driving the glamping market. Players in the tourism sector are offering better means to attract more tourist to outdoor locations.

The uptake and integration of technologies in such locations is encouraging consumers to opt for outdoor recreational activities, thereby augmenting the growth in the market.

The developments of recreational vans and other motor homes with rental services is another factor boosting the market. Individuals are spending quality time with family and friends in remote areas and with the availability of all the resources at hand, which is emerging as a trend in the global tourism sector.

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Further, the higher number of tourist locations in Europe and the development of regional tourism by various countries such as Spain, France, U.K., Germany, etc., is spurring demand in the market, and the trend is expected to continue over the forecast period.

“Increasing sales of eco-pods, along with growing integration of technologies to facilitate comfort and safety in such accommodations will continue driving sales in the market over the assessment period,” says the FMI analyst.

Key Takeaways:

  • Based of product type, sales of eco-pods will remain high through 2032.
  • In terms of age group, demand in the 18-32 segment will gain traction over the forecast period.
  • By size, the 2-5 persons segment will expand at a robust pace through 2032.
  • The U.S. will continue dominating the North America glamping market.
  • Spain will emerge as a lucrative market, accounting for a dominant share in the Europe glamping market.
  • The India glamping market will continue witnessing high demand over the forecast period.

Who is winning?

Few key players in the glamping market are Bourne Leisure Holdings Limited, TENTRR, Tents Xpert, Under Canvas, The Resort at Paws Up, Collective Retreats, Asheville Glamping, GlamXperience, PurePods, Getaway House, Inc., Hoshino Resorts Inc., and Baillie Lodges among others.

Leading players operating in the global glamping market are investing in research and development to improve the quality of products and services to attract more customers.

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Glamping Market By Category

By Type :

  • Motor Homes
  • Tree houses
  • Eco-pods
  • Yurts
  • Tipis
  • Safari Tents
  • Bell Tents
  • Others

By Consumer Orientation :

  • Male
  • Female
  • Kids

By Age Group :

  • Below 18 years
  • 18-35 years
  • 35-50 years
  • Above 50 years

By Size :

  • Less than 2 people
  • 2-5 people
  • More than 5 people

By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Cloud Business Email Market Size, Share, Outlook & Trends Analysis Report for 2027

The overall cloud business email market should get a market worth of nearly USD 2.15 Bn, increasing at a CAGR of 10.4% during the guess time span from 2017 to 2027.

The cloud business email market in North America is ready to exploit the imaginative developments in the area and climb as the best regional market considering pay obligation to the general market. Two or three affiliations have begun finishing the G-suite with add-on artificial intelligence highlights to give further developed transport of large business email in a proposition to draw in buyers.

As a result of the creation of bleeding edge and essential developments that are driving the improvement of the overall market, the IT business is experiencing basic overall change. The methodology of the cloud in various highlights of business has assisted relationship by they way they with taking care of routine business tasks, including corporate email courses of action. The IT business in North America is a significant part of the time the first to see such specific movements, making the central area the point of convergence, things being what they are.

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Monetary establishments all through Europe have embraced facilitated cloud benefits rapidly lately to guarantee speedy conveyance of monetary administrations with an end goal to meet moving client and industry requests with expanded proficiency and substantially less security risk. This is all assisting the cloud business with emailing industry in Europe fill regarding income.

Western Europe and North America would essentially be higher development markets in the global cloud business email market after APEJ. While APEJ will record incremental prospects of US$ 823.2 Million over the evaluation period, the Western Europe market will show stable incremental prospects of US$ 498.5 Million.

Key Takeaways from Market Study

The solution provider is incessantly centering on carrying out the G suite with add-on AI features to provide enhanced delivery of enterprise email in an offer to pull in users. Illegal intrusions, increasing cyber threats, and data security issues, which is the foremost challenge for the worldwide market. The mainframe, UNIX, Linux, Windows, and others, these are functioning environment catered for the market. The rising acceptance of BYOD technology in business enterprises is a foremost prospect for the worldwide market.

Increasing Adoption of Cloud Business Email Solution amid the COVID-19 Pandemic outbreak

Nowadays, the COVID-19 crisis around the world showed that several organizations need to ensure they can work from anywhere, anytime, and creating greater urgency to adopting all forms of cloud. During this COVID-19 crisis, office-based employees have become remote workers.

Cybercriminals can take advantage of distracted employee web browsing behavior and email behavior. As a result of COVID-19, Cybercriminals are also taking advantage of extensive discussion of the outbreak in cloud business emails and across the web.

There continues steady growth in the number of COVID-19-related spear-phishing attacks, up 67% since the end of March. Increasing adoption of cloud business email solution with artificial intelligence to detect signs of malicious intent and deception with every email.

Increasing Demand of Hosted Cloud Services by Financial Institutions

Financial institutions across the globe have been quick in the adoption of hosted cloud services across public clouds to ensure speedy delivery of financial services in a bid to meet changing industry and customer demands with more efficiency and greater ease of security concerns. This is significantly adding to the revenue growth of the cloud business email market.

Key Players :

Prominent companies in the cloud business email market includes Microsoft Corporation, IBM Corporation, Google Inc., Micro Focus International Plc., NEC Corporation, Amazon Web Services, Inc., Hitachi, J2 Global Inc., Fujitsu, and among others.

More Valuable Insights on Cloud Business Email Market

FMI’s report on the cloud business email market is segmented into three major sections such as operating environment (windows, Linux, Unix, Mainframe, and others), verticals (BFSI, healthcare, media & entertainment, IT & telecom, energy & power, automotive, consumer goods & retail, and others), and region to help readers understand and lucrative evaluate opportunities in the cloud business email market.

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Cloud Business Email Market: Segmentation

The global Cloud Business Email market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Operating Environment:

  • Windows
  • Linux
  • Unix
  • Mainframe
  • Others

By Verticals:

  • BFSI
  • Healthcare
  • Media & Entertainment
  • IT & Telecom
  • Energy & Power
  • Automotive
  • Consumer Goods & Retail
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Set-Top Box Market Size & Share | Global Analysis Report for 2022 to 2032

The global set-top box market is expected to reach a market valuation of US$ 33.4 Billion by the year 2022, accelerating with a moderate CAGR of 5.6% by 2022-2032. Set-top box market size is anticipated to be valued at about US$ 57.7 Billion by 2032 end.

The expansion of the set-top box market is anticipated to be aided by the increasing availability of high-definition channels and on-demand video content over the next few years. Technology advancements in the set-top box market, such as 4K and 8K support, and the incorporation of smart home services in STBs, are favourably impacting TV viewership trends.

New UHD and OTT boxes from established companies will also help the market grow. Set-top box market growth will be substantial as a result of government attempts to hasten the digitalization of TV services, especially in Latin America and Asia and the Pacific.

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The growing popularity of online video streaming on mobile devices such laptops, tablets, and smartphones have a negative impact on the demand for traditional television setup boxes.

The number of Indian OTT users increased by 30% from March 2020 to July 2020, according to data from the India Brand Equity Foundation (IBEF). There is speculation that the set-top box market may be affected by the cheaper subscription pricing of OTT platforms in comparison to TV channels, as well as by their many capabilities, including remote accessibility.

The COVID-19 pandemic of 2020 and 2021 was devastating to the economy. A considerable slowdown in new setup box installations occurred as a result of numerous difficulties faced by the business, such as the restriction of social movements and the product shortage brought on by the prohibition on transportation.

The pandemic had a devastating financial impact on set-top box market leaders like Broadband SAS, Mybox Technologies Pvt Ltd., Kaon Media Co., Ltd., and TechniSat Digital GmbH. But after the pandemic, the set-top box market should see stable demand as people transfer their attention to better TV viewing experiences.

Key Takeaways

  • The demand for set-top boxes is predicted to expand globally as a result of the rapid development of the digital broadcasting sector and the widespread use of smart television.
  • In order to stay competitive, major set-top box market players have introduced OTT set-top box devices to cater to the increasing demand for over-the-top (OTT) services, especially among millennials.
  • The introduction of the brand new COVID-19 also had a constructive effect on the expansion of the STB industry. Between 2020 and 2021, the worldwide market for set-top boxes (STBs) expanded by 11% annually.
  • The Chinese set-top box market is anticipated to hold a substantial share of 16.3% of the global market.
  • Key businesses are feeling pressure to provide set-top boxes with higher definition as demand for high-definition television increases among the younger demographic.
  • The need for HD setup box is predicted to increase with the release of 4K-high resolution android customised set-top boxes in major markets like the United States, India, and Australia.
  • The need for set-top boxes will increase in the next years, especially in emerging economies like India, China, and Malaysia. As more people share their lives on social media, there has been a rise in the need for high-resolution video.
  • The US set-top box market is expected to grow at rate of 5.4% throughout the forecast period.

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Competitive Landscape

Companies such as Sagemcom Broadband SAS, Samsung Electronics, Sercomm Corporation, Shenzhen SEI Robotics Co., Ltd., Skyworth Digital Co., Ltd., Sumitomo Electric Industries, Ltd., Technicolor SA, TechniSat Digifocus, and HUMAX Co., Ltd. are among the set-top box market leaders.

The leading companies in the set-top box industry are set top box market WIe teaming up to advance the state of the art and boost sales of set-top boxes. Skyworth Digital Co., Ltd. and Amino Technologies plc are two examples of companies working to enhance their STB services.

Recent Developments

Videocon D2H introduced its voice-enabled and internet-enabled android set top box with Alexa kit in March 2020. The device runs on the Android 9 operating system and provides access to over-the-top (OTT) content.

Tata Sky Binge+, an android enabled DTH set top box with features and 4K programming, was released in December 2019. This updated model operates on the 1.8GHz Broadcom BCM72604 B CPU and runs on the android 9 operating system.

Set-Top Box Market By Segmentation

By Product:

  • Cable Set-Top Boxes
  • Satellite Set-Top Boxes
  • IPTV Set-Top Boxes
  • OTT (Over the Top) Devices

By Video Quality:

  • Standard-Definition Set-Top Boxes
  • High-Definition Set-Top Boxes

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

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On-Shelf Availability Solutions Market : Overview, Data Updates, Reports Analysis & Forecast 2022 to 2032 | FMI

The global on-shelf availability solutions market is expected to grow from US$ 3.7 Bn in 2022 to US$ 6 Bn by 2028 at a CAGR of 8.4% in terms of revenue during the forecast period (2022-2028). In this report, the global on-shelf availability solutions market is tracked in terms of value, and is calibrated to obtain the market revenue estimates of on-shelf availability solutions & services.

On-shelf availability solutions are the technological tools that help retailers maintain, analyse and monitor the availability of various products in their store. On-shelf availability solutions are generally based on RFID technology & Internet of Things (IoT) sensors, and help in inventory management by monitoring the status of inventory and supply chain. On-shelf availability solutions help reduce out-of-stock situations by identifying potential issues and help in quickly resolving them to improve the overall profit margins.

To understand and assess the demand and opportunities in the on-shelf availability solutions market, the on-shelf availability solutions market report is categorically split into five major sections: on-shelf availability solutions market analysis – by component, by deployment type, by application, by end user and by region.

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On the basis of component, the on-shelf availability solutions market is segmented into software and services. The software segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period with a market share of 75.0% and 75.7% in 2022 and 2028 respectively.

On the basis of deployment type, the on-shelf availability solutions market is segmented into on-premise and SaaS segments. The on-premise segment of the on-shelf availability solutions market is expected to dominate the market for the maximum duration of the forecast period owing to the high CAGR associated with it. The SaaS segment of the on-shelf availability solutions market is expected to grow from US$ 729.7 Mn in 2022 to US$ 2,210.0 Mn in 2028.

On the basis of application, the on-shelf availability solutions market is segmented into historical data analysis, response time analysis, vendor pattern analysis, potential risk analysis and others. The response time analysis application segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period and enjoy a market share of 27.6% % and 31.5% in 2018 and 2028 respectively.

On the basis of end user, the on-shelf availability solutions market is segmented into Consumer Packaged Goods (CPG) manufacturers, retailers, online retailers, suppliers, warehouses and others. The supplier end user segment of the on-shelf availability solutions market is expected to dominate the market throughout the forecast period owing to the high CAGR associated with it. The CPG manufacturer end-user segment of the on-shelf availability solutions market is expected to grow from US$ 725.0 Mn in 2018 to US$ 1,811.1 Mn in 2028.

The section on-shelf availability solutions market analysis by region includes an in-depth country-level analysis of all global regions, namely North America, Latin America, Western Europe, Eastern Europe, SEA and Others in Asia Pacific, Japan, China and MEA, by component, by deployment type, by application, by end-user & by country, and provides market data in terms of value for 2022-2028. In 2021, the market in North America dominated the overall global on-shelf availability solutions market, and it is also the fastest-growing region in the on-shelf availability solutions market.

The key players reported in this study on the global on-shelf availability solutions market are Panasonic Corporation; International Business Machines Corporation; SAP SE; Impinj, Inc.; MindTree Ltd.; Retail Solutions Inc.; Retail Velocity; Market6, Inc.; Lokad; Verix; Frontier Field Marketing; NEOGRID; eBest IOT and Enterra Solutions LLC.

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On-shelf Availability Solutions Market by Category

Component:

  • Software
  • Service

Application:

  • Historical Data Analysis
  • Response Time Analysis
  • Vendor Pattern Analysis
  • Potential Risk Analysis

Deployment Type:

  • On-premises
  • SaaS

End User:

  • CPG Manufacturers
  • Retailers
  • Online Retailers
  • Suppliers
  • Warehouses

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

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Internet of Things (IoT) Security Product Market Insights By Type, Industry, Application & End-User by 2027 | FMI

In its recent research, Future Market Insights (FMI) projects the global IoT security product market to register a staggering expansion at 14.9% CAGR through 2027. In 2017, the market will account for revenues worth US$ 12,007.9 Mn, and it is further estimated to reach nearly US$ 50,000 Mn by 2027-end. This growth is primarily attributed to continuous launches of IoT security offerings by enterprises, soaring number of service providers, and emergence of niche players in the market.

Increasing adoption of digital technologies including web-based services, online education, and online banking has accelerated adoption of smartphone among individuals, which in turn has necessitated security of such technologies against cyber-attacks. Various governments across the globe have imposed stringent laws, in order to ensure secure environment and maintain privacy for connected devices.

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North America will Remain Dominant in the Global IoT Security Product Market

North America will remain dominant in the global IoT security product market, with sales estimated to reach nearly US$ 16,000 Mn in revenues by 2027-end. Government organisations of various North American countries have entered into partnership with major technology companies in order to implement IoT across urban cities.

These organisations are also providing funds to technology vendors for development of IoT applications. In addition, increasing smart city projects in North America have led to a significant adoption of sensor applications. The aforementioned factors are anticipated to drive growth of IoT security product market in this region.

APEJ will Register Fastest Expansion in the Global IoT Security Products Market

Asia Pacific Excluding Japan (APEJ) will continue to be the fastest growing market for IoT security products, registering a high double-digit CAGR through 2027. Growing number of connected devices is leading towards expansion of IoT ecosystem in APEJ. This is further prompting the region’s leading companies for developing services and platforms, helping them in efficient management and analysis of real-time data streams gathered from multiple data sources.

With rapidly changing technologies, enterprises are faced with difficulties in deploying technology-specific networks, which in turn is expected to impede market growth in this APEJ. In addition, rapid adoption of IoT among enterprises has led to a surge in cyber-attacks, owing to increasing internet exposure to a number of devices.

Manufacturing to Remain the Largest Vertical for IoT Security Products

Manufacturing is estimated to remain the largest vertical for IoT security products in the global market. Revenues amassed from sales of IoT security products in manufacturing are expected to reach US$ 15,088.9 Mn by 2027-end. In addition, healthcare will be the fastest growing vertical in the global IoT security products market, followed by energy & utility, and transportation & logistics.

Although smart grid will remain sough-after among applications, home & building automation is expected to witness fastest expansion in the market through 2027. Revenues amassed from smart grid, and home & building automation applications of IoT security products will collectively account for revenues worth US$ 26,753.5 Mn by 2027-end.

Network security will remain preferred solution for IoT security products, with sales anticipated to account for nearly US$ 15,000 Mn by 2027-end. End-point/ device security will continue to be the second largest solution for IoT security products. In addition, vulnerability management solution for IoT security products will register fastest expansion through 2027.

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Internet of Things (IoT) Security Product Market: Segmentation

By Component

  • Hardware
  • Software

By Deployment Type

  • End-point or Device Security
  • Network Security
  • Identity and Access Management
  • Vulnerability Management
  • Messaging Security
  • Web Security
  • Others

By Application

  • Machine-to-Machine (M2M) Communication
  • Smart Grid
  • Home and Building Automation
  • Wearable Computing Devices
  • Vehicle-to-Vehicle (V2V) Communication

By Verticals

  • Consumer Goods and Retail
  • Manufacturing
  • Transportation and Logistics
  • Healthcare
  • Energy and Utility
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Get Business Insights on the Weather Information Technology Market from 2022 to 2029

The worldwide weather information technology market is set to partake in a valuation of US$ 4,772.7 Mn in 2022, and further extend at a CAGR of 6.1% to arrive at US$ 7,216.3 Mn continuously 2029.

New correspondence organizations and figure frameworks, for example, advanced information base determining, nowcasting frameworks, remote correspondence and others are arising and giving the potential chance to work on Public Weather Services (PWS).

Utilizing technology like increased reality, meteorologists are making visuals from weather radar and determining models, and assisting watchers with planning for future tempests.

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Weather information through mobile apps and websites, and promotion of commercial applications such as hyper-local forecast, stunning weather virtualization, and smart notification in APEJ are creating opportunities for global players.

Increasing Environmental Observations and Monitoring of Weather Information Technology Boost the Market Growth

Various technological trends that are changing all areas of the market are fueling advances in weather prediction. Advances in modeling and forecasting, cloud, big data and analytics, smart devices, and mobile computing are fueling innovations in service delivery.

Rapid growth in personal weather stations and smart connected devices has increased the data available for weather observation and monitoring and may have the potential to improve the accuracy of hyperlocal weather forecasts. Hence, the adoption of monitoring and environment observations is driving the growth of the weather information technology market.

For instance, in March 2021, the Lockheed martin Corporation successfully launched GOES-17 Satellite to provide broad coverage with powerful new weather monitoring technology for meteorologists. This satellite will continue to produce dazzling weather data that has captivated forecast.

More Valuable Insights on Weather Information Technology Market

FMI’s report on the weather information technology market is segmented into six major sections such as solutions (systems, and services), applications (air quality monitoring, weather monitoring, weather forecasting, and others (chemical & space weather monitoring)), industry (utilities, agriculture, military & defense, transportation, marine, aviation, and others(mining, energy utilities, chemicals)), and region to help readers understand and lucrative evaluate opportunities in the weather information technology market.

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Competitive Landscape

Weather information technology providers are continuously focuses on cost reduction of the product and improved services by implementing different strategies such as product innovation, partnership, acquisition and geographical expansion. With these strategies, key players expect to strengthen their presence in the global market and develop advanced weather forecasting technologies.

  • For instance, in September 2019, Lockheed Martin Corporation introduced new state-of-the art facility in Colorado Springs that lets the Air Force and others simulate, test and train in a multi-domain environment that reflects today’s complex space environment.
  • For instance, in September 2019, Accuweather introduced new product suit that enables advertisers and brands to utilize unique proprietary weather forecasts for targeted advertising via segments available on leading data platforms.

Key Takeaways – Weather Information Technology Market Study

  • Demand from aviation industry would witness a high growth rate, owing to rising adoption of weather information technology in military & defense sectors.
  • Market share held by air quality monitoring is projected to increase at a striking CAGR during the forecast period, due to increasing focus to monitor and control levels of air pollution.
  • North America is anticipated to dominate the weather information technology market due to increasing application of supercomputing for weather forecast in the region.
  • Management of climate and weather information technology can help better-informed policy for community and institutions that decrease related risks and offer efficient use of limited resources, livestock, improve fishery production, and increase the crop yield.

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Weather Information Technology Outlook By Category

By Solution :

  • Weather Information Technology Systems
    • Automatic Weather Stations
    • Automated Weather Observing System (AWOS)
    • Sounding Systems
    • Weather Radar
    • Others (Lightening, Air Quality)
  • Weather Information Technology Services
    • Maintenance Services
    • Consulting Services

By Application :

  • Air Quality Monitoring
  • Weather Monitoring
  • Weather Forecasting
  • Others

By Industry :

  • Utilities
  • Agriculture
  • Military & Defense
  • Transportation
  • Marine
  • Aviation
  • Others (Mining, Chemicals)

By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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Model Based Manufacturing Technologies Market Share, Size, Trends by 2031 | FMI

The manufacturing industry has experienced sluggish growth in recent years as a result of various macroeconomic factors such as Brexit concerns, oil price fluctuations, and foreign trade policies. Model-based offerings are expected to play an important role in the sector’s future. According to a recent report by Future Market Insights (FMI), the global model-based manufacturing technologies market is expected to grow at a CAGR of more than 8.2% between 2021 and 2031.

Manufacturers’ performance expectations from new tool and equipment designs for increased efficiency are rising. This has prompted industrial manufacturers to prioritise the development of technology platforms and new operating models that enable connected products and services to be integrated into their customers’ operations.

This technological development trend is expected to support market growth. Furthermore, rapid technological advancements in the automotive industry have increased demand for model-based manufacturing technologies in order to improve economic competitiveness.

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Key Takeaways: Model Based Manufacturing Technologies Market

  • The cloud deployment segment will reflect relatively faster growth with a CAGR of 8.7%, owing to the benefits of remote access.
  • Large enterprises are estimated to contribute over 59% of the overall market. However, small and medium enterprises (SMEs) are likely to reflect a strong CAGR of above 8%.
  • Among end-use industries, the automotive segment is anticipated to hold the dominant share of 23.8% in 2021, backed by the rise of IoT connectivity opportunities.
  • The U.S. is projected to account for over 81% of North America owing to adoption of next-gen emerging technologies.
  • The market in India is expected to progress at a noteworthy CAGR of more than 13% through 2031, driven by an expanding automotive sector.
  • The U.K. market is expected to rise at a CAGR of close to 10% over the coming decade, with impetus from research and development programs.

COVID-19 Impact Analysis on Model Based Manufacturing Technologies Market

The covid-19 pandemic has adversely affected the global manufacturing industry. This disruption has brought attention to some of the leading challenges faced by the industry and have also highlighted the need to speed up production to boost supply chain resilience. In addition, the economic uncertainties have resulted in pressure on manufacturers to bring down costs while increasing overall efficiency.

Model based manufacturing technologies are likely to create a safer working environment by using automated manufacturing assets which use intelligent decision-making algorithms and networked sensors. Model-based manufacturing technologies facilitate goods and service operations, mitigating the severity of industrial chain disruption. Hence, the model-based manufacturing technologies market is estimated to grow at 6% to 7% Y-o-Y from 2019 to 2021.

Who is Winning?

Leading manufacturers in the moderately consolidated model-based manufacturing technologies market are focused on product and services development endeavors, while also pushing for geographical expansion strategies to leverage previously untapped markets in emerging economies.

Leading players in the market include but are not limited to Aspen Technology Inc., Oracle Corp., SAP SE, Honeywell International Inc., Ibaset Inc., Autodesk Inc., PTC, Inc., Siemens PLM Software Inc., Rockwell Automation, Inc., Dassault Systemes, Schneider Electric SE, ABB Ltd., Seabrook Technology Group, Vero Software Ltd. Sogeti High Tech SAS, KPIT Technologies Limited, General Electric Company, Statii Ltd., CNC Software, Inc., and Cimatron Technologies, Inc

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Model Based Manufacturing Technologies Market by Category

By Solution:

  • Software
    • Manufacturing Execution Systems (MES) Software
    • Material Requirements Planning (MRP) Software
    • Product Lifecycle Management (PLM) Software
    • CAD/CAM Software
    • Manufacturing ERP Software
    • Others
  • Services
    • Professional Services
    • Managed Services

By Deployment:

  • Cloud
  • On-premises

By Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

By Industry:

  • Automotive
  • Electronics and Semiconductors
  • Aerospace and Defense
  • Oil & Gas
  • Healthcare & Pharmaceuticals
  • Food & Beverages
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Medical Tourism Market is Anticipated to Expand at a CAGR of 30.5% Between 2022 and 2032

The medical tourism market would be worth more than US$ 5.2 Billion in 2022. Some of the market’s main drivers are cost savings and extra advantages to visitors such as improved healthcare, new technology, breakthrough medications, sophisticated gadgets, greater hospitality, and personalised care. The size of the medical tourism industry is expected to expand at a CAGR of 30.5% between 2022 and 2032. FMI predicts that the market will be worth US$ 75 Billion by 2032. The global medical tourism industry’s growth is likely to be attributed to:

Availability of cheaper treatment options abroad without compromising on the overall standard and quality of healthcare services is the chief driver of medical tourism in the East. The field contributes significantly to the generation of revenue across developing economies, which has been motivating government aids.

Besides this various government and non-government machineries are contributing towards campaigns to encourage medical tourism. Their efforts are indicative of opportunities existing in the field. For instance, the Tourism Authority of Thailand has launched a very effective e-campaign a couple of years back to assert the country’s position in the global medical tourism landscape. Besides this, various campaigns are launched in India to promote yoga and spiritual centers within the country.

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key takeaways :

  • The U.S. is expected to lead in terms of healthcare travel spending, however, in the coming years China’s spending is forecast to surge considerably
  • Among services offered under medical tourism, therapeutic services are highly sought-after. Wellness services too are gaining traction as an increasing number of medical tourists are seeking meditation and wellness retreats
  • Phone and online booking will remain more preferred modes of booking for medical tourism
  • Medical tourism is often sought for cancer and cardiovascular treatment. Besides this, cosmetics and bariatric procedures are very popular among medical tourists

Medical Tourism Shows Resilience amid COVID-19

While the unprecedented COVID-19 outbreak might have caused significant disruptions, recovery is on card, thanks to prompt response by governments around the world. Thailand’s response to the ongoing pandemic, for instance, has won praise from the United Nations, the World Health Organization, and other experts around the world. Thailand has been ranked among the top five countries among 184 in terms of the effectiveness of their battle against the virus.

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According to the Thailand Board of Investment, more than 50 applications for investments, worth over US$ 400 million were submitted during the first half of 2020 to introduce a range of novel measures, accelerating investment in the medical sector. Proactive steps taken by government and non-government organizations will enable the medical tourism market sail despite losses incurred during COVID-19.

Who is winning?

Medical tourism market is expanding at a fast rate. Tier 1 companies such as AsklepiosKlinikenGmbH, Bangkok DusitMedical Services, Fortis Healthcare Limited, Apollo Healthcare, BumrugrandInternational Hospitals, ChristusMughuerza, and others contribute nearly 6% to 17% of revenue generated by the market.

Tier 2 companies operating in the market include Asian Heart Institute, Prince Court Medical Center, ShouldiceHospital, Gleneagles Hospital, ClemenceuMedical Centre, AnadoluMedical Centre, and others. These companies account for the lion’s share of the global market.

Key Segments

Americas

  • Global Healthcare Connections, Inc.
  • Christus Muguerza S.A.P.I De CV
  • Shouldice Hospital

Europe

  • Asklepios Kliniken GmbH

Asia-Pacific

  • Fortis Healthcare Ltd
  • Apollo Hospitals
  • Gleneagles Hospital
  • Bumrungrad international Hospital
  • Bangkok Dusit Medical Services
  • Asian Heart Institute
  • Prince Court Medical Center

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About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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